10 AUG 2021 Henan Provincial Audit Ofice of the People's Republic of China Audit Report t F * . C2021) 35 -y HENAN AUDIT REPORT (2021) NO.35 Project Name: Zhengzhou Urban Rail Project Financed by the World Bank $R k : 8457-CN Loan No.: 8457-CN Project Entity: Zhengzhou Rail Transit Co., LTD $1:* -2020 Accounting Year: 2020 扩、，:‘几 目录 ContentS 一、审计师意见，,,.．……，,,.,....................................．……，二，,,,．…，，二，,,.,,．…，..．……1 1 .Allditor,s Op而。n.....．……，…，二，，二，,............................................．……，,．……，.,.3、 二、财务报表及财务报表附注．,．……，…，,,,,.,,.,.........................................．……5 11 .Financial Statemenis andNotesto111eFinancialStatements.................．……5 （一）资金平衡表．…，二，，二，.,,,,,,,.,,,.,,.............................．……，，…，.....．……5 1 .Balance Sheet..........................．……，,.,,,,，二，,.,,.,..............................．……5 （二）项目进度表．．…，.，二，,........................．……，二，..............．……，二，..．……7 11 .Sulllmaly of 50班ces and Uses ofFunds by Project Component....．……7 （三）贷款协定执行情况表．.........................................．……，,.,.,,,．……10 111.statement ofllnplementatioll ofLoan Agreelnellt,,.，二，...............．……10 （四）专用账户报表…，.,,...................................．……，.．…，,，二，二，,.,，…，,,.11 iv.Special AccoUllt Statement................．……，,.,,，二，二，二，...................．……11 （五）财务报表附注．,,,,,.,.,.,,.,...............................．……，,,,,.,，二，．…，，…，,13 v.N0tes to Financial StatCmelllS...........................................．……16 三、审计发现的问题及建议．............................．……，……，.,,.,.．…，,.，…，,.......．……19 111&Andit Findings and Reconllnendations............................................．……22 一、审计师意见 审计师意见 郑州地铁集团有限公司： 我们审计了世界银行贷款郑州市轨道交通3号线一期工程项目 2020年12月31日的资金平衡表及截至该日同年度的项目进度表、 贷款协定执行情况表和专用账户报表等特定目的财务报表及财务报 表附注（第5页至第19页）。 （一）项目执行单位对财务报表的责任 簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执行 情况表是你公司的责任，这种责任包括： 1．按照中国的会计准则、会计制度和本项目贷款协定的要求编 制项目财务报表，并使其实现公允反映； 2，设计、执行和维护必要的内部控制，以使项目财务报表不存 在由于舞弊或错误而导致的重大错报。 （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意 见。我们按照中国国家审计准则和国际审计准则的规定执行了审计工 作，上述准则要求我们遵守审计职业要求，计划和执行审计工作以对 项目财务报表是否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信．息的有关证据，我们实施了必 要的审计程序。我们运用职业判断选择审计程序，这些程序包括对由 于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估 时，为了设计恰当的审计程序，我们考虑了与财务报表相关的内部控 l 制，但目的并非对内部控制的有效性发表意见。审计工作还包括评价 所选用会计政策的恰当性和作出会计估计的合理性，以及评价财务报 表的。蓉体列报。 我们相信，我们获取的审计证据是适当的、充分的，为发表审计 意见提供了基础。 （三）审计意见 我们认为，第一段所列财务报表在所有重大方面按照中国的会计 准则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行 贷款郑州市轨道交通3号线一期工程项目2020年12月31日的财务 状况及截至该日同年度的财务收支、项目执行和专用账户收支情况。 本审计师意见之后，共同构成审计报告的还有两项内容：财务报 表及财务报表附注和审计发现的问题及建议。 一科· 地址：中国河南省郑州市纬二路27号 邮政簖码：450003 电话：86一371一65648053 传真：86一371一65955265 2 1. Auditor's Opinion Auditor's Opinion To Zhengzhou Rail Transit Co., LTD, We have audited the special purpose Financial Statements (from page 5 to page 19) of Zhengzhou Rail Transit Line 3 Pro ect (Phase 1) Financed by the World Bank, which comprise the Balance Sheet as of December 31, 2020, the Summary of Sources and -Uses of Funds by Project Component, the Statement of Implementation of Loan Agreement and the Special Account Statement for the year then ended, and Notes to the Financial Statements. Project Entity's Responsibility for the Financial Statements Your entity is responsible for the preparation of the Balance Sheet, the Summary of Sources and Uses of Funds by Project Component and the Statement of Implementation of Loan Agreement, which include: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii. Designing, implementing and maintaining necessary internal control to ensure that the financial statements are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Government Auditing Standards of the People's Republic of China and International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to, fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entities' preparation and fair 3 presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is appropriate and sufficient to provide a basis for our audit opinion. Opinion In our opinion, the financial statements identified in the first paragraph present fairly, in all material respects, financial position of Zhengzhou Rail Transit Line 3 Project (Phase I) financed by the World Bank as of December 31, 2020, its financial receipts and disbursements, the project implementation and the receipts and disbursements of the special account for the year then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement. The audit report consists of the Auditor's Opinion and two more parts hereinafter: Financial Statements and Notes to the Financial Statements, Audit Findings and Recommendations. Henan Provincial Audit Office of the People's Republic of China June 28th,2021 Address: No.27 Weier Road, Zhengzhou City, Henan Province, P.R. China Postcode: 450003 Tel.: 86-371-65648053 Fax: 86-371-65955265 The English translation is for the convenience of report users; Please take the Chinese audit report as the only official version. 4 II. Financial Statements and Notes to the Financial Statements ( -) *4YfTL i. Balance Sheet BALANCE SHEET 2020 t 12 ) 31 IH (As of December 31, 2020) T0f4f%: MYMtThA&#tWRW 3 TM-MIM Project Name: Zhengzhou Urban Rail Project Financed by the World Bank Prepared by: Zhengzhou Rail Transit Co., LTD Currency Unit: RMB Yuan Application of Fund Line Beginning Balance Ending Balance Sources of Fund Line No. Beginning Balance Ending Balance T9 1 tExpenditures 1 11,849,582,366.57 17,533,14,972.97 o Ap t 29 Total Ptoject Expenditures ' '''Total Project Appropriation Funds 1. 24W M gna ggnA $ 30 4,326,000,000.00 6,798,220,000.00 Fixed Assets Transferred Project Capital and Capital Surplus 2. # :CP)MR 31- Construction Expenditures to be Disposed Including: Grants 3. ft 4 EA fAk-Ai+ 32 8,549,683,458.11 10,685,838,699.02 Investments Transferred-out Total Project Loan 4. -EAIg-Efi 5 11,342,144,097.08 16,606,093,016.33 1 3 33 8,549,683,458.11 10,685,838,699.02 Construction in Progress Total Project Investment Loan 5 dedTPlb 6 507,438,269F9 927,121,956L64 34 1,089,683,458.11 1,141,328,409.49 Value Added Tax Payable Foreign Loan Investment Loan Receivable Including: IDA A ftffT RiA A Aff RMV 1,089,683,458.11 1,141,328,409.49 Including: World Bank Investment Loan 8 - 36 Receivable Appropriation of Investment Loan Technical Cooperation Including :Appropriation of World Bank 10 - Co- Financing Investment Loan 5 Application of Fund Line Beginning Balance EndingBalance Sources of Fund Line No. Beginning Balance Ending Balance 11 - (2) II39 7,460,000,000.00 9,544,510 953 Equipment Domestic Loan A :WRER NMA 12 2. A fSV 40 - Including: Equipment Losses in Suspense Other Loan of h Ank 13 1,642,567,724.33 1,205,513,659.30 ' pra o 41 - Total Cash and Bank Appropriation of Investment Loan CafvN1 14 1,642,567,724.33 1,205,513,659.30 cu r ank Loan- Cas in 43kIcudn: rdakLa 15 10,683,021.45 14,687,140.14 LNM 43 - Including: Special Account Bond Fund 2. I)1, 16 - 44 - Cash on Hand Construction Expenditures to be Offset 17 68,258,849.90 84,038,353.16 L 45 684,725,482.69 1,338,708,28641 Total Prepaid and Receivable Total Payable Ar tItff* AZ -*- 18 46 16,063,096.14 6,623,079.69 Including: World Bank Loan Interest Receivable Including: World Bank Loan Interest Payable World Bank Loan Commitment Fee 19 World Bank Loan Commitment Fee 47 Receivable Payable rvgfR 20 4 World Bank Loan Service- Fee Receivable World Bank Loan Service Fee Payable ;MiEf 21 - A * 49 Marketable Securities Other Payables [Z " F22 -A, -EKAA 5 Total Fixed Assets Appropriation of Fund -H p 2 MhAA 51 Fixed Assets, Cost Retained Earnings 9:JA itT7II H 24 - Less: Accumulated Depreciation IiWFr? 25 - Fixed Assets, Net MMVE71M 26 - Fixed Assets Pending Disposal PkARMPIro 27 - Fixed Assets Losses in Suspense TaA lao und 28 13,560,408,940.80 18,822,766,985.43 Tota Sucsfund 52 13,560,408,940.80 18,822,766,985.43 Total Application of Fund Total_ Sources_of_Fund 6 ( z-) * 11jA&* ii. Summary of Sources and Uses of Funds by Project Component SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I *M-4i:2020 * 12J 31 El (For the period ended December 31, 2020) Project Name: Zhengzhou Urban Rail Project Financed by the World Bank Prepared by: Zhengzhou Rail Transit Co., LTD Currency Unit: RMB Yuan *M Current Period V i Cumulative .7u $ , Current Aiit'±tA1 ER M$@ Cumulative RW#$tt Current Period Budget Current Period Actual Period % Completed Life of PAD Actual Cumulative 0/oCompleted &#* i#tW Total Sources of Funds 8,158,000,000.00 4,608,375,240.91 56.49% 20,608,279,500.00 17,484,058,699.02 84.840 -1 51,644,951.38 1,500,000,000.00 1,141,328,409.49 76.090/ International financing loan 1. if#t IDA 2. IlY(JE RTt IBRD 51,644,951.38 1,500,000,000.00 1,141,328,40949 76.090/ Technical Cooperation 4.9t0 k Co-Financing W95E114 Counterpart Financing 8,158,000,000.00 4,556,730,289.53 55.86% 19,108,279,500.00 16,342,730,289.53 85.530 1 A 4,881,359,916.49 2,084,510,289.53 42.70% 10,452,802,110.00 9,544,510,289.53 91.310/ Paid Counterpart Financing I i I (1) [M1AIV Domestic Loan 4,881,359,916.49 2,084,510,289.53 42.70% 10,452,802,110.00 9,544,510,289.53 91.310/ 7 *2 Current Period Zit Cumulative *MA4-J- JMMM Current WifliJ Eit-M Cumulative Titt&It Current Period Budget Current Period Actual Period % Completed Life of PAD Actual Cumulative /Completed (2) AkI4 Bond Fund 2e CEIrat 3,276,640,083.51 2,472,220,000.00 75.45% 8,655,477,390.00 6,798,220,000.00 78540M Free Counterpant Financing (1) M AIR State Funds 953,400,000.00 953,400,000.00 100.00% 6,332,237,30649 5,279,400,000.00 83.370M (2) $28& Joint Funds 2,323,240,083.51 1,518,820,000.00 65.38% 2,323,240,083.51 1,518,820,000.00 65.380/ (3) Vt A1V self-Raised Funds 3-IA Other Loan Total Application of Funds(by Project 8,158,000,000.00 5,683,632,60640 69.67% 20,608,279,500.00 17,533,214,972.97 85.080 Component) 1.1 t engineering construction 2,450,164,344.81 10,330,041,300.00 8,016,751,489.16 77.61 / 2JR-&% equipment investment 2,056,993,105.90 2,198,414,800.00 2,057,099,946.07 93.570/ 3.i1±+, i r 60,289,207.51 547,578,800.00 288,745,350.83 52.733/ design,training and consultation management and institutional capability 95,111,264.85 250,569,100.00 175,112,332.70 69.893/ building land requisition and resettlement,quality 601,390,996.18 7,281,675,500.00 6,068,383,897.57 83.340/ monitoring and other investment 6.0~1i MAVAT Payable 419,683,687.15 927,121,956.64 A Difference -1,075,257,36549 -49,156,273.95 1. )iEqktNA{L Change in Receivables 15,779,503.26 84,038,353.16 2. &y4-,faEf Change in Payable 653,982,803.72 1,338,708,28641 3. RffiMTx5t Change in Cash and -437,054,065.03 1,205,513,659.30 Bank 4. At1; Other 8 SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT II tWi4M2020 412 A 31 IH (For the period ended December 31, 2020) 14fi: tWVRA)$)+I I-rfait51cA3 FR- - RI M I Project Name: Zhengzhou Urban Rail Project Financed by the World Bank Pepared by: Zhengzhou Rail Transit Co., LTD CRrency Unit: RMB Yuan Project Component Project Expenditure Cumulative Amount Assets Transferred Eb Constructi $W&R w 5p R?I: AAR?I:AE WorkinProgress on Investments .Deferred Woki rges Expenditu Transferred-out Fixed Asset Current Asset Intangible Asset Ds Exento be Asset res to be Disposed 1.-4a 8,016,751,489.16 8,016,751,489.16 - - engmeering construction 2,057,099,946.07 2,057,099,946.07 - - equipment investment 3.iRit, *ti 4?iig 288,745,350.83 288,745,350.83 - design, training and consultation 4. f 3J4 ifA4U' ) ik 175,112,332.70 175,112,332.70 - management and institutional capability building 5.fiEMai. rXAtK9ih&R land requisition and resettlement, quality 6,068,383,897.57 6,068,383,897.57 - - monitoring and other investment 6927,121,956.64 927,121,956.64 - - VAT Payable 17,533,214,972.97-- Total 17,533,214,972.97 9 iii. Statement of Implementation of Loan Agreement STATEMENT OF IMPLEMENTATION OF LOAN AGREEMENT tJWV 2020 * 12 A 31 H (For the period ended December 31, 2020) Project Name: Zhengzhou Urban Rail Project Financed by the World Bank Prepared by: Zhengzhou Rail Transit Co., LTD Currency Unit: USD/RMB Yuan j Loan Amount Current-period Withdrawals Cumulative Withdrawals Category 9AARf Ar ARir USD USD RMB USD RMB 1, IfN Civil Works 244,685,000.00 18,484,123.04 120,607,054.42 151,732,566.83 990,039,825.31 2, RV Goods 3, qiAK*UV11 Consulting Service & Training 2,140,000.00 - 250,750.00 1,636,118.68 4, 91JPBR!½# Unallocated 5 11ER Front-end Fee 625,000.00 - 625,000.00 4,078,062.50 6, i Commitment Fee 2,550,000.00 234,651,11 1,531,075.03 2,310,611.26 15,076,507.41 7, 9 @PLB? Special Account 20,000,000.00 130,498,000.00 r it Total 250,000,000.00 18,718,774.15 122,138,129.45 174,918,928.09 1,141,328,513.89 Jl1 (The note is an integral part of the financial statements) 10 iv. Special Account Statement SPECIAL ACCOUNT STATEMENT *Mi4 2020W 12 A 31 F (For the period ended December 31, 2020) JIH8: tITRR% $Lttil3 q*-MIN R Project Name: Zhengzhou Urban Rail Project Financed by the World Bank MXt : 8457-CN Loan No. :8457-CN Prepared by: The Finance Depaimentof Henan Province Depository Bank: Zhengzhou Branch,PINGAN Bank VK: 11015000728006 AccountNo. :11015000728006 Currency: USD A ig Y: *MFt P* OEJt L Part A - Account Activity for the Period M+MAY Beginning Balance(month/day/year) 1,531,352.52 tn Add: * ik W G 01 A Total amount deposited by World 18,484,123.02 Bank *Mfg,ft A (hAVA&M W P %# ) Total interest earned 4,755.94 current period if deposited in Special Account tA R f 3L A Total amount refunded to cover ineligible expenditures Wv Deduct: tMA{4J Total amount withdrawn 17,769,286.30 tM%- &{ W ± #MPftifi Totalservice 7.98 charges if not included in above amount withdrawn 11 M +#VEnding balance(month/day/year) 2,250,937.20 B A11: #!IPIPWW Part B - Account Reconciliation 1. iA Amount advanced by World 20,000,000.00 Bank ' Deduct: 2. 1iTh 4Y [ LRA A Total amount recovered by World Bank 3. t PmQ hTh Outstanding amount 20,000,000.00 advanced to the Special Account (at month/day/year) 4. tWIPMA5K Ending balance of Special Account 2,250,937.20 (at month/day/year) 10)II Add: 5. #Et*4TB$ T hA Amount claimed but not yet credited at month/day/year 6. 4IAtWIIKtA Amount 17,769,286.30 withdrawn but not yet claimed 7. MR# JRiWXm (10% N'*£5 fP6tb) Cumulative 15.98 service charges (if not included in item 5. Or 6.) 9[t Deduct: 8. fdPkA (ITAlWKlMtPM) Interest earned (if 20,239.48 included in Special Account) 9. *Mt rP*&V#PfV Total advance to 20,000,000.00 Special Account (at month/day/year) 12 （五）财务报表附注 财务报表附注 1．项目概况 世界银行贷款郑州市轨道交通3号线一期工程（以下简称郑州轨道交 通3号线一期工程）项目贷款号为8457一CN，旨在通过该项目的实施，有 效改善郑州城市基础设施条件、增强郑州市引领带动作用，对于根本缓解 城市交通压力，进一步改善老城、疏散人口、带动和促进新城繁荣发展有 重要的意义。郑州轨道交通3号线一期工程为新柳路站至航海东路站（含） 段，线路镼约252公里，设车站21座。项目协议于2015年2月13日签 订，20 15年5月13日生效，预计2021年6月30日前关闭．项目计划总 投资为人民币206.08亿元，其中世界银行贷款．总额为2.5亿美元。本项目 贷款将用于郑州轨道交通3号线一期工程土建工程01标段至04标段建 设，预计投资金额为人民币18.9亿元。 2．财务报表编制范围 本财务报表的簖制范围为郑州地铁集团有限公司及郑州中建深铁轨 道有限公司关于郑州轨道交通3号线一期工程资金筹集和建设投入的会 计核算。 3．主要会计政策 3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办法》 （财际字〔2000〕13号）的要求编制。 3.2会计核算年度采用公历年制，即公历1月1日至12月31日。 3.3本项目会计核算以“权责发生制”作为记账原则，采用借贷复式 13 记账法记账，以人民币为记账本位币。 3.4按照中国人民银行2020年12月31日汇率，即USDI二人民币 6,5249元。 4．项目执行情况 4.1项目建设进度 郑州轨道交通3号线一期工程已于2020年12月26日初期运营。21 座车站主体已全部封顶，区间隧道全部贯通，铺轨完成100%，附属结构 完成96%，目前正在进行剩余附属结构施工。 4.2提款报账情况 2020年本项目申请提款报账金额为17,769,286.30美元，向‘世界银行 提款金额18,718,774,15粎元，其中工程款18,484,123.04美元，承诺费 234,65 1 .11美元。 4.3专用账户使用情况 专用账户期末余额2,250,937.20美元，截至2020年12月31日已支 付但尚未申请报账金额17,769,256.30美元，累计利息收入20,239.48美元， 期末专用账户首次存款净额20,000,000.00美元。 5．报表科目说明 5.1项目支出 2020年项目支出人民币5,683,632,606.40元，占年投资计划的69.67%; 项目累计支出17,533,214,972.97元，占项目总投资额的85,08％。 5.2预付及应收款 2020年12月31日余额为人民币54,035,353.16元，其中：预付账款 78,752,912.59元，主要为土建工程预付工程款；其他应收款5,255,440.57 l4 兀。 5.3项目资本与项目资本公积 2020年12月31日余额为人民币6,798,220,000元，其中：实收资本 l,004,000,000,00元；资本公积5,794,220,000.00元。 :5.4项目借款 2020年12月31日余额为人民币10,685,838,699.02元，为郑州轨道 交通3号线一期工程银行贷款。其中：世界银行贷款余额为人民币 l,141,328,409.49元。 5.5应付款 2020年12月31日余额为人民币l,335,708,286.41元，主要为应付郑 州轨道交通3号线一期工程款、质量保证金及应付贷款利息，其中世界银 行贷款利息6,623,079,69元。 5.6货币资金 2020年12月31日货币资金余额为人民币l,205,513,659,30元，其中： 河南省财政厅世界银行专用账户余额为2,250,937,20美元（按2020年12 月31日汇率计算为人民币14,687,140.14元）。 5.7本期提款数 本期工程款提款数为18,484,123 .04美元，承诺费提款数为234,651 .n 粎元。 15 V Notes to the Financial Statements Notes to the Financial Statements I.Project Overview Zhengzhou Rail Transit Line 3 Project (Phase T) Financed by the World Bank 's loan number is NO. 8457-CN, which is designed to effectively improve the inftastructure in and enhance the leading role of Zhengzhou city. It is of great importance to ftmdamentally relieve the urban traffic pressure, fin-ther improve conditions in the old areas, decentralize population, drive and promote the prosperity and development of the new ones. The project Phase I, starting from Xinliu Road Station to Hanghai East Road Station, totals 25.2 kilometers, with a total of 21 stations. The project agreement was signed on Februaryl3, 2015 and entered into effect on May 13, 2015. The account of the project was expected to be closed on June 30, 2021. The project investment totaled RMB 20.608 billion, of which, the World Bank loan amount was USD250 million. The World Bank loan will be used for the civil works of Bidding Section I to 4 of the Metro Line 3. The investment was expected to reach RUB 1.89 billion yuan. 2. Scope of the Financial Statements The scope of the financial statements covers the financing and the construction investment accounting of Metro Line 3 prepared by Zhengzhou Metro Group Co., Ltd and Zhengzhou. Zhongjian Shentie Rail Co., LTD. 3. Accounting Policies 3.1 The Financial Statements of the project were prepared according to the requirements of Accounting Methods for the World Bank Financed Project (CJZ[2000]No. 13). 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January I to December 3 1. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RMB (PUB) is used as the recording currency of bookkeeping. 3.4 According to the exchange rate issued by the People's Bank of China December 31, 2020, that is USD I = RMB6.5249yuan. 16 4. Project implementation 4.1 Project construction progress The Zhengzhou Metro Line 3 Phase 1 initially operated on December 26, 2020, when main bodies of 21 stations were completed, all tunnels were completed with all rails placed (100%) and affiliated structures (96%) completed. Currently, the construction of the rest is ongoing. 4.2 Fund Drawing and Report The project applied for fund drawing totaling USD17,769,286.30 in 2020, and USD18,718,774.15 from the World Bank, of which, the project amount totaled USD18,484,123.04, and the commitment fee: USD234,651.11. 4.3 Use of Special Account The ending balance on the special account totaled USD2,250,937.20, there was USD17,769,286.30 which had been paid but not reported for fund drawing by the end of December 31, 2020, the accumulated interest income totaled USD20,239.48, the ending net deposit for the first time on the special account totaled USD20,000,000.00. 5. Explanations for Items 5.1 Project Expenditures The project expenditure totaled RMB 5,683,632,606.40 yuan in 2020, occupying 69.67% of the yearly investment plan; the project expenditure accumulated RMB 17,533,214,972.97 yuan, occupying 85.08% of the total investment amount. 5.2 Prepayment and receivables The balance of prepayment and receivables totaled RiMB84,038,353.16 yuan on December 31, 2020, of which, the prepayment totaled RMB 78,752,912.59 yuan, most related to the civil construction; the receivables totaled dRMB5,285,440.57 yuan. 5.3 Project capital and capital reserve The balance of project capital and capital reserve totaled RMB6,798,220,000 yuan on December31,2020, of which, the called up capital totaled RMBI,004,000,000.00 yuan, capital reserve: RMB5,794,220,000.00 yuan. 5.4 Project Borrowing 17 The balance of project borrowing totaled RMB10,685,838,699.02 yuan on December 31, 2020,which is the bank loan for the Zhengzhou Metro Line 3 Phase I. The balance of the World Bank loan totaled RMB1,141,328,409.49 yuan. 5.5 Account payable The balance of account payable totaled RMB1,338,708,286.41 yuan on December 31, 2020, most related to the Zhengzhou Metro Line 3 Phase I project, quality guarantee and interest for loans, of which, the interest of the World Bank loan totaled RMB6,623,079.69 yuan. 5.6Monetary Fund The balance of monetary fund totaled RMB1,205,513,659.30 yuan on December 31, 2020, of which, the balance of special account for the World Bank by Henan Finance Department totaled USD2,250,937.20 (about RMB14,687,140.14 yuan under the exchange rate released on December 31, 2020) 5.7 Fund drawing in the current period The project fund drawn for the current period totaled USD18,484,123.04, and the commitment fee USD234,651.11. 18 三、审计发现的问题及建议 审计发现的问题及建议 除对财务报表进行审计并发表审计意见外，审计中我们还关注了项目 执行过程中相关单位国家法规和项目贷款协定遵守情况、内部控制和项目 管理情况。我们发现存在如下问题： （一）世界银行贷款资金结余较大 郑州轨道交通3号线一期工程世界银行贷款资金．悠计25000万美元， 截至2020年底，累计佼用世界银行贷款资金17491.89万美元，未提款资 金7508.11万粎元，按2020年12月31日的汇率，即1美元＝人民币6.5249 元，折合人民币48989.67万元。2020年12月26日，郑州地铁3号线一 期工程已通车，利用世界银行贷款的土建工程均已完工，但世界银行贷款 的结余资金较大，未能充分利用世界银行贷款资金利息较低的优势；同时， 对尚未佼用的部分需簴纳资金承诺费，资金利用效率不高。 截至2021年4月30日，该项目累计向世界银行提款21213.n万美 元，其中工程、咨询服务提款18910.09万美元，先征费支出提款62.5 万粎元，扼诺费支出提款240.52万美元，周转金提款2000万美元，项目 剩余未提款金额3786.89万美元。 郑州地铁集团有限公司应积极协调河南省财政厅，尽快将世界银行贷 款资金全部提款佼用。郑州地铁集团有限公司已接受审计建议。 （二）未经批准，擅自占用土地 郑州地铁集团有限公司因建设郑州轨道交通3号线一期工程贾鲁河 停车场和地铁车辆段，未履行建设用地报批手续，占地52.06万平方米， 被郑州市自然资源和规划局惠济分局和郑州市自然资源和规划局经开分 局分别处籚款484.15万元和5&.19万元。 2020年8月12日，郑州市人民政府市长办公会议纪要要求：各涉及 单位（部门）按照“簺什么补什么”的原则，根据职责分工尽快完成相关 资料的补办、整理、组卷及报审工作；由郑州市自然资源和规划局负责， 把郑州轨道交通3号线一期工程占用基本农田问题予以调整解决。 19 截至2021年4月3。日，上述违法占用土地的用地手续正在办理中。 郑州地铁集团有限公司应严格按相关法律法规和市长办公会议纪要 要求，尽快完成相关资料的补办、整理、组卷及报审工作。郑州地铁集团 有限公司已接受审计建议。 （三）世界银行01标段至04标段施工过程中，施工单位、监理单 位履职尽责不到位 1．施工单位主要管理人员镼期不在岗，且监理单位未履职尽责。 根据双方合同约定，项目经理每月在施工现场的时间要求应不少于 22天，每天不少于4小时。经审计发现，01标段至洲标段在施工过程中， 各标段施工单位主要投标管理人员长期不在岗履职。 监理单位中咨工程管理有限公司履职尽责不到位，未能有效督促施工 单位纠正上述行为，致使此问题长期存在。 2．施工单位质量管理文件签署不规范。 世界银行02标段施工过程中，施工单位北京城建中南土木工程集团 有限公司项目经理马金华在进场材料使用报验单、工程进度计划申报表等 多个文件中签字出现多种笔迹；世界银行03标段施工过程中，施工单位 宏润建设集团股份有限公司项目经理郑春华在进场材料使用报验单、报验 表、例会验收签到单等多个文件中签字出现多种笔迹，存在他人代签情况 且未加盖个人执业章． 上述行为不符合《河南省建筑工程施工现场质量标准化管理实施办 法》（豫建建〔2014〕114号）第十条“施工中资料和工程进度必须同步， 签字不得早签、迟签、代签，其中需项目经理、总监、设计负责人签字的， 除本人签名外，还要加盖个人执业章”的规定。 郑州地铁集团有限公司应严格督促各施工单位和监理单位按照合同 约定开展工作，确保各项工程按照合同要求规范运行。郑州地铁集团有限 公司已接受审计建议。 （四）存在不同投标人的投标文件异常一致的情况 郑州轨道交通3号线一期工程绿化设计施工总承包项目提供的投标 文件中，投标人中衍郑州工程设计研究院有限公司和河南省景观规划设计 20 研究院有限公司，投标文件第八章“对环保施工、工程保修及养护的承诺” 第一项关于环保施工的扼诺部分，除个别词条顺序不一致外，大段文字描 述雷同，该处异常一致。 上述行为不符合《中华人民共和国招标投标法实施条例》第四十条“有 下列情形之一的，视为投标人相互串通投标：……〔四）不同投标人的投 标文件异常一致或者投标报价呈规律性差异；…，二”的规定。 ：郑州地铁集团有限公司在各项工程招投标时应严格按照《中华人民共 和国招标投标法》的要求，认真组织招投标，杜绝上述问题的发生。郑州 地铁集团有限公司已接受审计建议． 21 III. Audit Findings and Recommendations Audit Findings and Recommendations Th addition to performing the audit and expressing an opinion on the financial statements, we also make observations with respect to compliance with applicable provisions of state laws and regulations and the loan agreement of the relevant entities, its internal financial control and project management during the project implementing process. We found the following issues: (I)The Balance of World Bank Loan Fund is Large The World Bank loan ftmd of the first phase of Zhengzhou Rail Transit Line 3 amounts to 250 million dollars. By the end of 2020, the accumulated World Bank loan fund used is 174.92 million dollars, and the undrawn fimd is 75.08 million dollars. According to the exchange rate on December 31, 2020, that is I dollar = RMB6.5249 yuan, equivalent to RMB489.90 million yuan. On December 26, 2020, the first phase project of Zhengzhou Metro Line 3 has been opened to traffic, and the civil engineering projects using the World Bank loan have been completed, but the balance of the World Bank loan funds is large, which fails to make full use of the advantage of low interest of the World Bank loan funds. At the same time, the commitment fee for fimds. must be paid for the unused part, so the funds utilization is not high. As of April 30, 2021, a total of 212.13 million dollars has withdrawn from the World Bank for the project including 189. 10 million dollars for engineering and consulting services, 625,000 dollars for front-end fee, 2.41 million dollars for commitment fee, 20 million dollars for working capital, and the remaining 37.87 million dollars is undrawn. We recommended that Zhengzhou Rail Transit Co., LTD actively coordinate with the Department of Finance of Henan Province to withdraw all the World Bank loan funds for use as soon as possible. Zhengzhou Rail Transit Co., LTD has accepted the audit recommendation. (11) Unauthorized occupation of land without approval Zhengzhou Rail Transit Co., LTD occupied a plot of 520,600 rn2 without application for approval for construction land of Jialuhe parking lot and Metro Depot of the first phase project of Zhengzhou Rail Transit Line 3, so it is fined 22 RMB4.84 million yuan and RMB5.67 million yuan respectively by the Huiji branch of Zhengzhou Natural Resources and Planning Bureau and the Economic Jingkai Branch of Zhengzhou Natural Resources and Planning Bureau. On August 12, 2020, it is required by the minutes of the mayor's office meeting of Zhengzhou Municipal People's Government that all relevant units (departments) shall complete the supplementation, collation, composition and submission of document for audit as soon as possible according to the division of responsibilities and the principle of "adding what is short of "; the Natural Resources and Planning Bureau of Zhengzhou is responsible for regulation and solution of the problem of land occupation of basic farmland in the first phase project of Zhengzhou Rail Transit Line 3. As of April 30, 2021, the application for land use is under way regarding to the above-mentioned land. We recommended that Zhengzhou Rail Transit Co., LTD to complete the supplementation, collation, composition and submission of document as soon as possible in strict accordance with relevant laws and regulations and the requirements of the minutes of mayor's office meeting. Zhengzhou Rail Transit Co., LTD has accepted the audit recommendation. ( III) The construction unit and supervision unit failed to perform their duties properly in the construction process of World Bank 01-04 bid sections. 1. The main management personnel of the construction unit are not on duty for a long time, and the supervision unit fails to perform its duties. According to the contract of both parties, it is required that the project manager should be on the construction site for 22 days or more every month, not less than 4 hours a day. However, the main bid management personnel of the construction units of each bid section were not on duty for a long time during the construction of bid sections 01 - 04. Zhongzi Engineering Management Co., Ltd. as a supervision unit, failed to perform its duties properly, and failed to make an effective supervision and urge of the construction unit to correct the above behaviors, resulting in the 23 long-term existence of this problem. 2. The quality management documents of the construction unit are not signed in standard. Ma Jinhua, the project manager of Beijing Urban Construction Zhongnan Civil Engineering Group Co., Ltd.,who's signatures were found in multiple handwriting on multiple documents, such as the inspection application form for use of site materials and the declaration form for the project schedule during the construction of World Bank Bid Section 02; Zheng Chunhua, the project manager of Hongrun Construction Group Co., Ltd., who's signatures were found on multiple documents appear in multiple handwriting, such as the inspection application list and form for use of site materials, and the check-in form for regular meeting acceptance during the construction of World Bank Bid Section 03. The documents are singed on behalf of others and personal seal for practicing is not affixed. Above is not in compliance with the provisions of Article 10 of the "Measures for the Implementation of Quality Standardization Management of Construction Sites in Henan Province" (YJJ [2014] No. 114), "the documents and project progress must be synchronized during construction, with the signature not be early, late or on behalf of the project manager, chief inspector and design director, and the personal seal for practicing should be affixed." We recommended that Zhengzhou Rail Transit Co., LTD should strictly supervise and urge all construction units and supervision units to carry out work in accordance with the contract, so as to ensure the standardized operation of various projects in accordance with the contract requirements. Zhengzhou Rail Transit Co., LTD has accepted the audit recommendation. (IV) The bid documents of different bidders are extremely consistent In the bid documents provided by the bidders Zhongyan Zhengzhou Engineering Design and Research Institute Co., Ltd. and Henan Landscape Planning and Design Institute Co., Ltd. for the general contracting of greening design and construction for the first phase project of Zhengzhou Rail Transit Line 3, the first part about commitment to environmental protection construction in Chapter VIII "commitment to environmental protection 24 construction, project warranty and maintenance", has large same text of paragraphs, extremely consistent, except individual entries and order. The above-mentioned behavior is not in conformity with Article 40 of the "Regulations for the Implementation of the Tendering and Bidding Law of the People's Republic of China ": "in case of any of the following circumstances, it shall be deemed that the bidders collude with each other in bid:... (IV) the bid documents of different bidders are extremely consistent or the bid prices are regular in difference;...". We recommended that Zhengzhou Rail Transit Co., LTD seriously organize the bidding in strict accordance with the requirements of the Tendering and Bidding Law of the People's Republic of China, eliminating the above problems. Zhengzhou Rail Transit Co., LTD has accepted the audit recommendation. 25 26